Question
1. Write down in front of each item in the table below the appropriate exchange rate required under both current rate method and temporal method
1. Write down in front of each item in the table below the appropriate exchange rate required under both current rate method and temporal method using current rate, historical rate, and average rate.
| Account title | Required Exchange Rate under current rate method | Required Exchange Rate under temporal method |
| Cash |
|
|
| Accounts receivable |
|
|
| Inventory |
|
|
| Notes receivable |
|
|
| Plant assets |
|
|
| dividends |
|
|
| Cost of goods sold |
|
|
| Depreciation expense |
|
|
| Other expenses |
|
|
| Sales |
|
|
| Accumulated depreciation |
|
|
| Accounts payable |
|
|
| Notes payable |
|
|
| Common stocks |
|
|
| Retained earnings |
|
|
Answer:
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